PAM 3240:
Risk Management and
Policy
Dr Sharon Tennyson
Fall 2017
Risk Management and Policy
Risk Management: the process/methods employed to
reduce the negative effects of risk on the wellbeing of
an individual, business firm, group or society
Identify r

Chapter 3
Review of statistics
3.1
Probability
Suppose X and Y are two random variables, and a and b are scalars.
3.1.1
Expectations
The expectation of X, or E[X], is the mean value of X in the population. The conditional expectation of Y given X, or E[Y

Partial Solutions to Old Finals
Note: These partial solutions are only meant to guide you in the right direction, and are by no
means complete.
2013
1.
False. CBA is really about happiness, and we use money as means to measure how a
policy impacts the hap

Test your probability intuition:
What are the probabilities that the following will occur?
Rolling a 9, 10, 11, or 12 with two die
A LasVegas dealer busts in Blackjack
The S&P 500 declines over the course of a year
A 25 year old woman is shorter than

i-Clicker Question
Which of the following is the best example of chain migration?
A) An immigrant not reaching their intended destination due to
available jobs along the way.
B) An immigrant forced to move to new region or location against
their will.
C)

Residential Segregation in the
United States and Europe
Daniel T. Lichter
Departments of Policy Analysis & Management
and Sociology
Cornell University ([email protected])
May 2, 2017
Residential Segregation:
Definition
Residential segregation is the physi

Natalie Murphy
PAM 2030
Racial Segregation and Migration in North Dakota
Part A:
Vital statistics are useful quantitative measures that provide an insight into the basic
demographic statistics of a given geographic area. One of these vital statistics is t

Natalie Murphy
16 February 2017
PAM 2030
Professor Sassler
Demography of Denmark
Denmark is a small country of only 16,574 square miles situated in Scandinavia. Like
many small European countries, the small population of only 5.7 million is providing some

Zayan Ahmed
Sassler
PAM 2030 Exercise 4
13 April 2017
Fertility Measures
Fertility is an aspect of demographic studies that provides a multifaced understanding of
populations within a given society. It can give insight on natural growth, younger dependent

Grace Yoon
Yoon 1
Elliott
DEA 1101.8 Reading
October 27, 2015
Ocvirk 255-257
Summary
In this reading, Ocvirk discusses the element of space which is integral to three-dimensional art.
Space is very vast, and the juxtaposition of objects in space translate

Outline: 3/29/2017
The economics of climate change policies
(Science/ Estimates of the total economic
effect of climate change)
Estimates of the carbon externality
Controversy about social discount rate
After Spring Break: Dealing with
uncertainty
H

Outline: 04/19/2017
CBA under Uncertainty: finishing up
Example of a risk-increasing project
Role of insurance
Rationales for Expected Surplus as a Practical
Benefit Measure, pp. 215 218
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